Helping Baby Boomers to continue to earn income, as long as they want

07/06/2017

Current Capitalism - Not Version We Baby Boomers Embraced

The conservative Drudge Report is giving plenty of space to the Hamburg protest against capitalism. Its defining symbol may be the lux motor car Porsche. The dealership was set on fire.

There was a time when such a vehicle was perceived as the reward for success. Lawyers, medical doctors and corporate executives had managed to jump through all the hoops. Then they could drive away in their Porsche.

Forever that symbol may be tarnished.

One wonders if Porsche sales will he hurt?

Will the 1% and those who struggled for success fear they will be targets if they are seen in any lux car?

That theatre in the streets, played out by 100,000, is staged for the leaders coming to the G20 summit.

Even some of Drudge's conservative readers might have a bit of empathy with those opposing how hardened capitalism has become.

In the new book "Weekend Effect," Katrina Onstad hammers how the amount of leisure time workers have keeps shrinking. With the scarcity of good jobs and digital communications, workers feel they have to be or are forced to be always available to employers and clients. That includes what used to be sacred: the weekend.

Current capitalism seems even more brutal than the Dickensian version. Today, income insecurity even prevails among those who should be sitting pretty.

As industries such as law change, equity partners are being given the boot. They may have children in college. Yet, with the downsizing of the legal sector, they can't land comparable jobs.

Digital is eliminating forever many jobs in fields such as journalism.

And what carnage the robots will inflict is assumed to be bad.

The issue is: Will this massive outcry against capitalism affect the mindsets of the power brokers?